With business forum, Afreximbank targets increased trade financing for Seychelles businesses

Categories: Press Releases

Cairo, 20 May 2015 – To deepen the access of Seychellois businesses to financing for trade-related activities, the African Export-Import Bank (Afreximbank), with the support of the Central Bank of Seychelles, will hold a business forum in the Seychellois capital on Thursday, 21 May.

Mrs. Caroline Abel, Governor of the Central Bank, will declare open the forum which will take place at the Eden Bleu Hotel.

The Forum is expected to showcase the line-up of financing programmes and facilities available from Afreximbank to the Seychellois businesses community and will include presentations and case studies on how to access them. Afreximbank’s offerings include credit, loans and guarantees.

Dr. Benedict Oramah, Afreximbank Executive Vice President in charge of Business Development and Corporate Banking, said that the forum was being organized as part of awareness creation programmes being implemented by Afreximbank in its member countries in order to deepen the Bank’s activities across those countries, “especially at this time of great economic opportunities and challenges”.

The forum participants would include representatives of Seychelles’ private sector organisations, such as chambers of commerce and industry, bankers’ associations, and exporters associations, as well as those of government-owned entities operating commercially in the country.

 Media Contact: Obi Emekekwue (oemekekwue@afreximbank.com; Tel. +202-2456-4238)

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About Afreximbank:

The African Export-Import Bank (Afreximbank) is the foremost Pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organization, and the Charter, which governs its corporate structure and operations. Since 1994, Afreximbank has approved almost $35 billion in credit facilities for African businesses, including about $4.5 billion in 2014. Afreximbank is headquartered in Cairo. For more information, visit: www.afreximbank.com